74# Forex Entry System
Gliding channel mq4 indicator as filter.
Revarsal entry system
Submit by TommyFx
Forex Entry System is a strategy based on Gann angle but filtered with a price action channel that confirm the trend direction of the Gann Angle forecast. The strategy therefore consists of two entry levels: two profit target levels and a price action channel which, based on the slope and direction, confirms the entry levels generated by the Gann angles. The trading system is a pure reversal which, however, cannot be filtered by the overbought and the oversold of momentum indicators, could be misleading considering that on Gann angles in a two-dimensional dimension. The trading system provides the daily signals so it is a day trading strategy.
Time frame 30 min or 60 min but it is not relevant because the trading system provides signals with profit and stop loss levels.
Currency pairs any.
Metatrader 4 indicators
Forex Entry System (default setting).
3 ZZ klevel semafor.
Trading rules Forex Entry System
Follow the signal generated by the indicator:
Entry 1, Entry 2, TP 1, TP2. Enter with the confirmation of the price action channel. It is also possible to find at a different price than the one generated by the indicator the important factor which is also confirmed by the Glinding channel, in this case we would have a good signal. Choose the currency pairs for trading where the slope is greatest.
You can also filter the 4H time frame tendency with the Glinding channel and insert the pending order on the purchase level generated by the Forex Entry system indicator.
In the pictures Forex Entry System in action.
Share your opinion.